3-bed · 2,146 sqftThe Residences at Marina Gate 2, Dubai Marina · 9th floor · completed 2019

901, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in October 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 901 · DLD and Ejari recordsUpdated 27 October 2022
Last soldAED 5M27 October 2022
Current rentAED 210K /yr20 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 901, The Residences at Marina Gate 2

What is 901 worth today?

Last sold for AED 5,000,000 in 2022

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27 Oct 2022SoldReady
AED 5,000,000AED 2,330 per sqft
20 Dec 2021RentedRenewal
AED 210,000/yr12 months · AED 98 per sqft
20 Dec 2020RentedNew contract
AED 210,000/yr12 months · AED 98 per sqft
28 Nov 2019RentedNew contract
AED 230,000/yr12 months · AED 107 per sqft
21 Jan 2015Sold by developerOff-plan
AED 4,685,000AED 2,183 per sqft

Source: Dubai Land Department. Updated 27 October 2022.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
9th of 64
Parking
B2-41, B2-41T
Developer
Select Global Development
Completed
2019
Service charge
AED 36,500 /yr
Last sold
AED 5M · October 2022

About 901, The Residences at Marina Gate 2

901 is a three-bedroom apartment of 2,146 sqft on the 9th floor of The Residences at Marina Gate 2, a 64-storey tower in Dubai Marina completed in 2019 by Select Global Development. It last sold on 27 October 2022 for AED 5,000,000, or AED 2,330 per sqft, in line with the AED 2,279 three-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 20 December 2021, is AED 210,000 a year: a gross yield of 4.2% on the 2022 price, before the service charge of about AED 36,500 a year.

Sales and rents for 901 over time

Sales
Unit 901, each saleTypical three-bed in The Residences at Marina Gate 2
4M6M2015201820212024Typical sale price by year: 2015 AED 4,044,460; 2016 AED 4,060,000; 2017 AED 4,072,500; 2018 AED 4,024,000; 2019 AED 3,477,500; 2020 AED 2,929,150; 2021 AED 3,672,000; 2022 AED 4,350,000; 2023 AED 5,500,000; 2024 AED 6,000,000; 2025 AED 6,550,000Sold by developer, January 2015: AED 4,685,000 (AED 2,183 per sqft)Sold, October 2022: AED 5,000,000 (AED 2,330 per sqft)

901 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 901, each contractTypical three-bed in The Residences at Marina Gate 2
200K300K20192021202320252027Typical rent by year: 2019 AED 200,000; 2020 AED 190,000; 2021 AED 215,000; 2022 AED 250,000; 2023 AED 310,000; 2024 AED 320,000; 2025 AED 330,000; 2026 AED 309,163New contract, November 2019: AED 230,000 a yearNew contract, December 2020: AED 210,000 a yearRenewal, December 2021: AED 210,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Residences at Marina Gate 2, and where 901 sits

All 96 3-beds →

901 last sold in October 2022 at AED 2,330 per sqft, in line with what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,279). Over the last 12 months three-beds sold for AED 4,990,000 to 7,575,000, around AED 3,452 per sqft, and rent for AED 155,000 to 425,000 a year. 901's AED 210,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Aug 20264,990,000
25 Feb 20265,650,000
19 Dec 20257,100,000
16 Dec 20257,575,000
5 3-bed sales in the last 12 months

The Residences at Marina Gate 2

Building

511 apartments, 1-bed to 5-bed over 64 floors in Dubai Marina, completed in 2019 by Select Global Development. 30 sold in the last 12 months.

Typical price per sqft
AED 2,967 Down 5.5%
Typical sale
AED 3.15M
Typical rent
AED 150K /yr
Typical yield
5.3%
The Residences at Marina Gate 2, Dubai Marina: prices, sales and rents →
Value
9023-bedAED 5.2M · Dec 2023
9033-bedAED 4.4M · Jun 2022
9041-bedAED 1.81M · Feb 2018
9052-bedAED 1.88M · Aug 2019
9061-bedAED 1.3M · Feb 2015
9071-bedAED 1.32M · Jan 2015
9082-bedAED 2.6M · Jan 2015
1–7 of 8

901, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 21 January 2015 for AED 4,685,000, last on 27 October 2022 for AED 5,000,000 (AED 2,330 per sqft).
  • Rented since November 2019 on 3 Ejari contracts, from AED 230,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2022 price is 4.2%, before a service charge of about AED 36,500 a year (AED 17.00 per sqft).
  • Three-beds in The Residences at Marina Gate 2 sold for AED 4,990,000–7,575,000 in the 12 months to November 2026; the building's median across all types is AED 2,967 per sqft.

Source: Dubai Land Department. Updated 27 October 2022.

Questions about 901, The Residences at Marina Gate 2

What did unit 901 last sell for?

AED 5,000,000 on 27 October 2022: AED 2,330 per sqft for 2,146 sqft. The unit has 2 registered sales; the first was AED 4,685,000 in January 2015.

What is the rent for unit 901?

AED 210,000 a year on the contract renewed on 20 December 2021. The previous contract, from December 2020, was AED 210,000; the unit has been rented since November 2019.

How big is unit 901?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 9th floor of a 64-storey tower completed in 2019.

What is unit 901 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences at Marina Gate 2 sold for AED 4,990,000 to 7,575,000 in the last 12 months, around AED 3,452 per sqft.

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Mortgage on 901, The Residences at Marina Gate 2

Starts from the last sale price (AED 5M, 27 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →